Junior Market volume jumps on Monday

Derrimon Trading traded $5m shares on monday

Trading on the Junior Market, ended with big rise to 8,895,088 units valued at $105,891,017 changing hands, compared to 3,738,180 units valued at $13,115,097 on Friday.
Trading was dominated by Derrimon Trading exchanging 5 million, followed by Indies Pharma with 1.6 million units and Lasco Distributors with 1.3 million shares.
At the close the market index pulled back 20.16 points to 3,173.09 with 26 securities changing hands, compared to 27 on Friday and resulting in the prices of 8 securities advancing, 6 declining and 12 remaining unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 6 stocks ending with bids higher than their last selling prices, 1 closed with a lower offer.
Trading closed with an average of 342,119 units for an average of $4,072,731 in contrast to 138,451 units for an average of $485,744 on Friday. The average volume and value for the month to date amounts to 247,889 units valued at $1,271,186, compared to 238,538 units valued at $993,170 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial traded 5,120 shares and closed at $46.70, AMG Packaging ended at $1.95, exchanging 258,014 stock units, Blue Power concluded trading at $47, trading 2,379 units, CAC 2000 finished trading 20,133 shares at $9, Caribbean Flavours traded 3,540 stock units and climbed $1. Caribbean Producers finished trading 36,198 units with a loss of 17 cents at $6.68, with, Derrimon Trading concluded exchanging 5,004,435 shares and dropped $1.40 cents to close at $18.50, but traded as high as $30 during the day. Dolphin Cove finished at $17, with 683 stock units, Elite Diagnostic settled at $2.90, with 56,166 units. Everything Fresh traded 81,495 shares and ended with a loss of 21 cents at $2.29, Express Catering traded 26,865 shares and rose 10 cents to a closing 52 weeks’ high of $9, FosRich Group finished trading 19,150 shares at $3, General Accident closed 70 cents higher at $3.90, trading 115,002 stock units, GWest Corporation ended at $2.17, with 42,840 units. Honey Bun concluded trading 10 cents higher at $4.30, with 36,000 shares, Indies Pharma traded 1,628,679 shares in gaining 4 cents and ended at an all-time closing high of $2.40, but traded earlier as high as $2.50, Jamaican Teas ended trading with a loss of 14 cents at $4.15, with a transfer of 16,610 stock units, Jetcon Corporation traded with a loss of 6 cents at $4.04, with 33,684 units changing hands, KLE Group closed at $3, with 54,384 shares. Knutsford Express ended at $11.36, with 9,546 shares, Lasco Distributors concluded trading 1,300,907 stock units and rose 15 cents to $4, Lasco Financial rose 40 cents to end at $5.90, with 48,997 units, Lasco Manufacturing settled with a loss of 10 cents at $3.80, trading 8,100 shares. Main Event ended trading at $6.50, with 3,100 shares, Medical Disposables traded 12,005 shares to close at $6.50 and Stationery and Office closed 40 cents higher at $8.50, with 71,056 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Calm day for TTSE stocks – Monday

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange ended trading on Monday in 13 securities against 16 on Friday, with 1 advancing, 2 declining and 10 trading unchanged at the close.
Market activity resulted in 138,647 shares at a value of $2,163,356, compared to 178,893 shares on Friday, valued at $1,418,005.
At close of the market the, Composite Index the Composite Index rose 2.12 points on Monday to 1,243.32, the All T&T Index added 0.11 points to 1,712.89, while the Cross Listed Index gained 0.57 points to close at 104.10.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 4 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| Massy Holdings ended trading of 2,600 shares and rose 3 cents to settle at $46.95.
Stocks closing with losses|First Citizens closed with a loss of 1 cent and completed trading 2,094 shares to close at $34.91 and Trinidad & Tobago NGL closed with a loss of 5 cents at $30, after exchanging 2,205 shares.
Stocks trading with no price change| Clico Investments concluded trading of 51,040 stock units at $20, First Caribbean International Bank ended at $8.40, with 1,278 units changing hands, Guardian Holdings exchanged 10,100 units at $16.60, JMMB Group settled at $1.80, after exchanging 2,725 shares, LJ Williams B Share completed trading of 5,000 shares at 75 cents, National Flour ended at $1.70, trading 4,304 units, NCB Financial Group completed trading at $6.15, after exchanging 49,632 shares, Republic Financial Holdings settled at $103, in exchanging 1,020 shares, Sagicor Financial concluded trading 2,720 stock units at $7.75 and Scotiabank ended at $65.01, with 3,929 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

4 new additions to IC TOP 10

The bullishness continued on Jamaica Stock Market during the past week with the main market reaching new record level on Thursday and the Junior Market closing at the highest level since November 3, last year.
Several companies released results during the week, some showed strong gains and others were in line with the prior year’s period or slightly below and some were in line with expectations, investors reacted accordingly. The chronic shortage of many of the stocks continue to put upward pressure on prices. Following the release of results some companies profit forecast were adjusted. This resulted in Radio Jamaica and Palace Amusement falling from the TOP 10. Palace forecast for 2019 fiscal year is now placed at $100 per share up from earnings of $96 for 2018 including gain on sale of property. Key Insurance reported another quarter of losses and full year’s earnings were revised downwards putting it outside the top listing. Indies Pharma, the other Junior Market stock to jump ship, rose to $2.36 after listing earlier in the week and is up 57 percent from the IPO price of $1.50.
Paramount Trading fell to $2.10 on low volume to jump into the list and Lasco Distributors fell to $3.85 climbed in as well. Paramount is now in a new fiscal year and is expected to record much improved results over the outturn for the year to May as the company enjoys the benefits of increased revenues and profit from the two new ventures started earlier this year in chlorine, bleach and manufacturing of lubricants. Lasco reported improved results of the year to March with the first quarter to June this year recording improvement over 2017 an indication for increased sales and profit in 2019.
Existing TOP 10 stock, Caribbean Cement continues to undergo wild swings in prices and traded as high as $56 during the past week but closed the week at $47.50, on Friday as supply has virtually dried up, not surprising with the company cutting finance cost and reports of several projects slated to come on stream later this year. Berger Paints moved down from $21 to $18 during the past week as direct cost rose sharply by 46 percent in the June quarter to negate a 35 percent rise in revenues but profit after tax rose 13 percent over 2017.
Salada Foods was recently in the Top 10 but moved out based on increased price, reenters with a fall in price to $17 and benefits from improved nine months’ results suggesting earnings of $2 per share. Management expressed concerns as to the impact that the imposition of a cess on coffee could have on sales. Sygnus Credit Investment is a new entrance to the main market and enters as the price fell sharply during the week to $10, but closed with the bid at $10.50.
The PE ratio for Junior Market Top stocks averages 7.9 compared to an average PE for the overall market of 12.5, based on 2018 estimated earnings and the main market PE stands at 8 for the top stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks, currently. Work done by IC Insider.com suggest that the PE ratio is likely to end around 16 or 17 times earnings by year end, as investors continue to gradually upgrade the multiple they are prepared to pay for stocks, which would lift prices sharply over the next several months from current levels. In addition, the latest Treasury bill offer, saw rates dropping to 1.7 percent on the 91 days instrument and 1.88 percent on the 182 days instrument. These rates suggest more funds will be going into stocks as liquidity remains high.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

JSE stocks retreat from Thursday’s record

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Mayberry Jamaican Equities traded 1M shares & the price hits a new high of $10 but retreated by Friday’s close.

The All Jamaican Composite Index of the Jamaica Stock Exchange and the JSE index fell more than 2,000 points as main market stocks retreated from Thursday’s record close as the market set its sight on breaking through the 350,000 mark this coming week.
At the close, the All Jamaican Composite Index dropped 2,312.28 points to 346,726.53 and the JSE Index dived 2,106.75 points to 315,907.02. Market activities resulted in 31 securities trading including 3 in the US dollar market compared to 27 securities trading on Thursday.
At the end of trading, the prices of 12 stocks rose, 12 declined and 7 traded unchanged. Trading in the main market ended with 12,389,267 units valued $54,066,117, compared to 7,549,926 units valued at $378,631,059 on Thursday.

The day’s volume was led by, JMMB Group 7.5% preference share concluded trading at $1.03, with 8,590,090 shares with 69.3 percent of the traded volume, followed by Mayberry Equities that closed at $9 in trading 1,046,000 shares, for just 8.4 percent of the day’s volume after trading at an intraday high of $10 and Supreme Ventures with 604,043 units and 4.9 percent of the main market volume.
Stocks with major price changes| Caribbean Cement jumped $2.50 and finished at $47.50, trading 73,872 shares, Grace Kennedy rose 85 cents and ended trading at $59.50, with 41,775 shares, JMMB Group lost $1 and ended at $29, exchanging 120,176 shares, Mayberry Investments gained 39 cents to settle at $7.89, with 10,100 units, PanJam Investment fell 80 cents and concluded trading 42,221 shares and closed at $51.60, Portland JSX lost 50 cents and ended at $8 trading 2,700 units, Sagicor Real Estate Fund dived $2.90 to $12, with 11,200 shares, Salada Foods shed $1 to close at $17, in exchanging 48,271 units, Scotia Group rose 50 cents in traded 113,232 shares to close at $53,  Seprod finished trading 4,500 shares, and gained 59 cents to close at $36.10, ended at $15, with 21,164 shares after losing 30 cents, Victoria Mutual Investments lost 42 cents in concluding trading at $3.51, with 604,043 stock units and Wisynco Group fell 25 cents and finished trading 105,450 shares to end at $9.05.
Trading in the US dollar market closed with Margaritaville traded 9,700 shares and ended at 18 US cents Proven Investments trading 44,500 shares, falling 0.09 cent and closed at 19.01 US cents and Sygnus Credit Investments traded 9,000 shares and rose 0.03 cent to 10 US cents. The JSE USD Equities Index slipped 0.12 points to end at 159.24.
Trading resulted in an average of 492,474 units valued at over $1,930,933, in contrast to 290,382 shares valued at $14,562,733 on Thursday. For the month to date an average of 231,530 shares valued at an average of $4,665,985 versus 211,092 shares valued at an average of $4,956,066 on Thursday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Falling Junior stocks edged out rising ones

Derrimon Trading. shares dropped $5.60 to $19.90 on Friday.

Trading on the Junior Market, with market index slipping just 6.38 points to 3,193.25 with 27 securities changing hands, compared to 25 on Thursday, resulting in 9 securities advancing, 11 declining and 7 remaining unchanged.
The day’s trading to 3,738,180 units valued at $13,115,097 compared to 22,380,747 units valued at $56,082,379 on Thursday.
Two stocks, Express Catering and newly listed Indies Pharma traded at a 52 weeks’ high.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 2 closed with lower offers.
Trading closed with an average of 138,451 units for an average of $485,744 in contrast to 828,917 units for an average of $2,077,125 on Thursday. The average volume and value for the month to date amounts to 238,538 units valued at $993,170, compared to 174,894 units valued at $1,111,004 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $46.70, in exchanging 11,965 shares, AMG Packaging ended at $1.95, with 20,000 stock units changing hands, Blue Power concluded trading at $47, with 600 units, CAC 2000 finished with a loss of 55 cents at $9, with just 600 shares trading, Cargo Handlers rose 5 cents to $10.94, with 23,800 shares. Caribbean Cream lost 5 cents to end at $5.75, trading 4,065 shares, Caribbean Producers finished trading at $6.85, with 17,622 units, Derrimon Trading suffered a big fall, concluding trading with a loss of $5.60 to $19.90, with 45,084 shares changing hands, Dolphin Cove added 50 cents to close at $17, trading 1,500 stock units. Elite Diagnostic settled 5 cents higher at $2.90, with 90,264 units changing hands, Everything Fresh traded 118,444 shares and ended with a gain of 25 cents at $2.50, to be back at the IPO price, Express Catering traded 40,113 shares after rising 61 cents to a 52 weeks’ closing high of $8.90, FosRich Group finished trading 112,934 shares after rising 25 cents to $3, General Accident closed with a loss of 50 cents at $3.20, exchanging 64,073 stock units. GWest Corporation fell 10 cents to $2.17, with 53,435 units traded, Honey Bun concluded trading with a loss of 30 cents at $4.20, with 13,200 shares, Indies Pharma traded 2,038,664 shares gaining 11 cents and closed at an all-time high of $2.36, Jamaican Teas ended trading 29 cents higher at $4.29, trading 66,655 stock units, Jetcon Corporation traded 322,018 units with a loss of 1 cent at $4.10, KLE Group closed at $3, exchanging 45,000 shares, Lasco Distributors concluded trading 512,100 stock units with a loss of 14 cents at $3.85, Lasco Financial finished with a loss of 30 cents down to $5.50, with 86,600 units, Lasco Manufacturing settled with a loss of 10 cents at $3.90, with 9,390 shares. Main Event ended trading 5,000 shares with a rise of 25 cents to $6.50, with, Medical Disposables closed at $6.50 higher with 2,776 shares changing hands, Paramount Trading ended at $2.10, trading 1,400 shares and Stationery and Office finished trading with a loss of 87 cents to $8.10, with 30,878 stock units trading.

Prices of securities trading for the day are those at which the last trade took place.

NCB jumps 8% to J$123 on TTSE – Friday

NCB Financial Group jumped 8 percent with a rise of 49 cents to $6.15, or J$123 trading 128,781 shares on Trinidad & Tobago Stock Exchange on Friday as 16 securities traded versus 10 on Thursday, with 4 advancing, 3 declining and 9 remaining unchanged.
NCB closed without any stock being offered on the Trinidad market, but it closed in Jamaica at $105 trading 4,830 shares on Friday.
The Composite Index gained 9.20 points on Friday to end at 1,241.20, the All T&T Index rose 0.15 points to 1,712.78 and the Cross Listed Index added 2.53 points to close at 103.53.
Market activity ended with just 184,493 units valued at a mere $1,418,005 changing hands, compared to 39,363 units valued at a mere $551,354, on Thursday.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks with Gains| Massy Holdings finished trading 2,475 shares after rising 2 cents to end at $46.92, Sagicor Financial ended trading with a gain of 15 cents to end at $7.75, with 17,003 stock units changing hands and Trinidad & Tobago NGL closed 5 cents higher and ended at $30.05, after exchanging 5,610 shares.
Stocks Losses| First Caribbean International Bank lost 9 cents and concluded trading at $8.40, with 2,000 units traded, National Enterprises ended trading 1 cent lower and settled at $9, with 6,991 stock units changing hands and West Indian Tobacco concluded trading with a loss of 1 cent and ended at $88.53, after exchanging 402 units.
Firm Trades| Ansa Merchant ended at $40, after exchanging 1,442 shares, Clico Investments settled at $20, with just 50 stock units changing hands, First Citizens ended at $34.92, after exchanging 350 shares, Grace Kennedy settled at $2.80, with 800 stock units changing hands, Guardian Holdings concluded the trading of a mere 38 units at $16.60, JMMB Group closed trading at $1.80, after exchanging 1,365 shares, LJ Williams A share ended at 20 cents, with 5,600 units trading, LJ Williams B share exchanged 10,000 shares at 75 cents and One Caribbean Media completed trading at $12.29, after exchanging 1,586 shares.
Prices of securities trading for the day are those at which the last trade took place.

JSE stocks eye 350,000 points – Thursday

At the close of trading on Thursday, the Jamaica Stock Exchange jumped more than 3,900 points to new record close with the All Jamaican Composite Index sitting less than 1,000 from the 350,000 mark.
At 12:30 the All Jamaican Composite Index surged 5,035.03 to 348,774.63 points but pulled back after to close the day with a leap of 4,299.21 points to a record closing high of 349,038.81 and the JSE Index 3,917.07 points to a record close of 318,013.77. Market activities resulted in 27 securities trading including 1 in the US dollar market compared to 29 securities trading on Wednesday.
At the end of trading, the prices of 8 stocks rose, 9 declined and 10 traded unchanged. Caribbean Cement traded at an intraday high of $56 but ended at $45 by the close.
Trading in the main market ended with 7,549,926 units valued at $378,631,059 versus 7,397,463 units valued at $122,484,133 on Wednesday.
The day’s volume was led by, Kingston Wharves with 4,05,328 units and 53 percent of the main market volume, followed by NCB Financial Group exchanging 1,012,510 shares and 13.4 percent of the day’s trades and PanJam Investment with 708,674 units accounting for 9.4 percent of traded volume.
Stocks with major price changes| Kingston Wharves rose 80 cents and finished at $52.50, with 4 million shares, Mayberry Investments fell 50 cents and settled at $7.50, with 9,200 units, Mayberry Equities climbed 50 cents to $9 in trading 231,400 shares, NCB Financial jumped $2 and finished trading of just over 1 million shares at $105, Sagicor Group shed 43 cents to close at $37.57, in exchanging 29,508 units, Sagicor Real Estate Fund climbed 90 cents and settled at $14.90, with 17,616 shares, Seprod finished trading 10,732 shares, but lost 49 cents to close at $35.51, Supreme Ventures ended at $15, with 21,164 shares after losing 30 cents, Sygnus Credit Investments dropped $2.29 to a 52 weeks’ low of $10 in trading 10,000 shares and Wisynco Group gained 30 cents and finished trading at $9.30,with 67,338 units.
Trading in the US dollar market closed with Proven Investments trading 7,966 shares valued at US$1,593 and closed at 20 US cents. The JSE USD Equities Index was unchanged at 159.36.
Trading resulted in an average of 290,382 units valued at $14,562,733, in contrast to 273,980 shares valued at $4,536,449 on Wednesday. For the month to date an average of 211,092 shares valued at an average of $4,956,066 versus 203,253 shares valued at an average of $3,906,599 on Wednesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

Indies trades 21m shares on Junior Market

The chairman and founder of Indies Pharma

On the second day of listing of the most recent addition to the Junior Market, Indies Pharma traded on Thursday and closed with a gain of 75 cents to close with a gain of 50 percent on the IPO price of $1.50.
In the end, Indies traded 21.2 million units, helping to push the day’s trading to 22,380,747 shares valued at $56,082,379 compared to 2,963,010 units, valued at $8,928,557 on Wednesday.
The Junior market index 37.74 points to close at 3,199.63 with 27 securities changing hands, compared to 25 on Tuesday. Trading resulted in the prices of 13 securities advancing, 6 declining and 8 remaining unchanged. Two stocks traded at a 52 weeks’ high but drifted back at the close and one ended the day at a 52 weeks’ low.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 3 closed with lower offers.
Trading closed with an average of 828,917 units for an average of $2,077,125 in contrast to 118,520 units for an average of $357,142 on Wednesday. The average volume and value for the month to date amounts to 174,894 units valued at $1,111,004, compared to 182,596 units valued at $994,997 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $46.70, trading 500 shares, Blue Power concluded trading $2 higher at $47, in the exchange of 2,728 units, Cargo Handlers settled at $10.89, with 3,665 shares changing hands, Caribbean Cream ended trading of 29,762 shares at $5.80, Caribbean Producers finished trading 74,861 units at $6.85. Derrimon Trading concluded trading of 116,160 shares at $25.50, but hit a new high of $30 during trading, Elite Diagnostic settled with a loss of 5 cents at $2.85, exchanging 77,748 units, Eppley ended trading with a loss of 78 cents close at $9.18, with 430 shares, Everything Fresh traded 36,000 shares and ended with a gain of 15 cents at $2.25 as investors continue to respond positively to half year results showing profit of 4 cents per share for the June quarter on rising gross profit margin. Express Catering traded 14 cents higher at $8.29, with 1,600 shares. FosRich Group finished trading of 8,000 shares with a loss of 1 cent at $2.75, General Accident traded at a 52 weeks’ high of $5 but closed at $3.70, with 41,607 stock units, Honey Bun concluded trading 700 shares at $4.50, Iron Rock finished 25 cents higher at $3.50, with 134,006 shares. Jetcon Corporation traded 16,842 units and rose 6 cents to $4.11, Key Insurance finished trading at $3.16, with 2,950 shares, Knutsford Express ended 1 cent higher at $11.36, after 3,000 shares traded, Lasco Distributors concluded trading of 62,800 stock units and added 4 cents to close at $3.99. Lasco Financial finished at $5.80, exchanging 354,663 units, Lasco Manufacturing settled for a rise of 10 cents to $4, with 78,339 shares, Main Event ended trading 107,682 shares and rose 44 cents to end at $6.25, Medical Disposables traded 1 cent higher at $6.50, with 3,024 shares. Paramount Trading dropped 60 cents to end at a52 weeks’ low of $2.10, trading 3,600 stock units, Stationery and Office closed with a loss of 3 cents at $8.97, with 8,060 units and tTech concluded trading of 15,440 shares and climbed 50 cents to $5.

Prices of securities trading for the day are those at which the last trade took place.

More moderate trading on TTSE – Thursday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange closed on Thursday with just 10 securities being exchanged versus 12 on Wednesday, with 4 advancing, 2 declining and 4 remaining unchanged.
The Composite Index lost 0.82 points to 1,232, the All T&T Index shed 0.63 points to 1,712.63 and the Cross Listed Index slipped 0.14 points to end at 101.00.
Market activity ended with just 39,363 units valued at a mere $551,354 changing hands, compared to 53,969 units valued at $1,679,636, on Wednesday.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 2 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks with Gains| Clico Investments closed with a gain of 6 cents and completed trading at $20, with 1,250 stock units changing hands, Grace Kennedy gained 5 cents and completed trading 14,200 units at $2.80, Sagicor Financial finished trading with a rise of 10 cents to end at $7.60, with 5,135 stock units changing hands and Scotiabank ended trading 171 units with an increase of 1 cent to end at $65.01.
Stocks Losses| First Citizens concluded trading with a loss of 8 cents at $34.92,after exchanging 1,020 shares and Trinidad & Tobago NGL traded 10,403 shares with a loss of 1 cent to close at $30.
Firm Trades| Angostura Holdings completed trading at $15.75, with just 5 stock units changing hands, Calypso Macro Index Fund traded 2,000 shares at $15.74, National Flour settled at $1.70, trading 4,705 units and Republic Financial Holdings ended at $103, after exchanging 474 shares.
Prices of securities trading for the day are those at which the last trade took place.

JSE main market stocks rose – Wednesday

Caribbean Cement traded at a new high of $56 on Wednesday.


At the close of trading on Wednesday, the Jamaica Stock Exchange moved higher with stocks gaining edging out declining stocks by a ratio 3 to 2.
At the close the All Jamaican Composite Index added 625.35 points to end at 344,739.60 and the JSE Index gained 569.76 points to 314,096.70
Market activities resulted in 29 securities trading including 2 in the US dollar market compared to 28 securities trading on Tuesday. At the end of trading, the prices of 12 stocks rose, 8 declined and 9 traded unchanged. Caribbean Cement traded at an intraday high of $56 but ended at $45 by the close.
Trading in the main market ended with 7,397,463 units valued at $122,484,133 compared to 4,859,195 units valued at $60,716,560 on Tuesday.
The day’s volume was led by, Wisynco Group with 2,011,245 units and 27.2 percent of the main market volume, followed by Sagicor Group exchanging 1,110,079 shares and 15 percent of the day’s trades and Carreras with 737,830 units accounting for 10 percent of traded volume.
Stocks with major price changes| Barita Investments gained 60 cents to $9.60 exchanging 82,479 shares, Berger Paints dropped $4 and ended at $18 after 251,380 stock units changing hands, Jamaica Broilers traded 667,653 shares and shed $2.50 to end at $23, JMMB Group rose $1 to $30 trading 40,771 shares, NCB Financial lost 50 cents and finished trading 64,477 shares at $103, Portland JSX fell 50 to settle at $8.50, trading 836 shares, Sagicor Group gained 53 cents to close at $38, in exchanging 1,110,079 units and Supreme Ventures rose 30 cents in trading 66,987 shares at $15.30.
The Trading in the US dollar market closed with 10,189 units valued at US$1,891 as Margaritaville traded 2,339 shares at 18 US cents and Proven Investments cents and closed at 20 US cents trading 2,850 shares. JSE USD Equities Index rose 0.12 points to 159.36.
Trading resulted in an average of 273,980 units valued at an average of $4,536,449 for each security traded, in contrast to 186,892 units for an average of $2,335,252 on Tuesday. For the month to date an average of 203,253 shares valued at an average of $3,906,599 versus 195,162 shares valued at an average of $3,826,002 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.